87-87A Spring Street Medford MA 02155 MLS #73374735

87-87A Spring Street
Medford, MA, 02155
$1,849,000
9 Beds
5 Baths
3,388 SqFt
0.1 Acres
$1,849,000
87-87A Spring Street
Medford, MA, 02155
Perfect for 1031 exchange and investors! This is a rare opportunity to buy from the limited 4-family inventory pool. This property features two separate two-family units on one lot, a total of four units! It has been a cash cow for the seller. Convenient location to transportation and shopping. All units have separate utilities. The property consists of a large 5-bedroom, 2-bedroom, and 2 one-bedroom apartments. The property has had several updates over the years, including replaced water heaters, newer heater systems, bathrooms, etc. Any money put in this property will only add to long-term equity. Parking for 3 cars in the driveway. This property also has great potential to increase the value considerably.

Property Details

Price:
$1,849,000
MLS #:
73374735
Status:
Active
Beds:
9
Baths:
5
Address:
87-87A Spring Street
Type:
Multi Family
Subtype:
4 Family
City:
Medford
Listed Date:
May 14, 2025
State:
MA
Finished Sq Ft:
3,388
Total Sq Ft:
3,388
ZIP:
02155
Lot Size:
4,223 sqft / 0.10 acres (approx)
Year Built:
1900
Units:
4

Schools

Interior

Bathrooms
5 Full Bathrooms
Flooring
Wood

Exterior

Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
3
Roof
Shingle

Financial

Net Operating Income
$139,800
Tax Year
2025
Taxes
$7,630
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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87-87A Spring Street
Medford, MA